AIR NEW ZEALAND LIMITED (AIZ)
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AIZ

AIZ - AIR NEW ZEALAND LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.94
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.575

25 Mar
2025

0.000

OPEN

$0.57

0.000

HIGH

$0.58

336,041

LOW

$0.57

OTHER COMPANIES IN THE SAME SECTOR
ACE . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
AIZ: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 4.6 xxx
DPS (cps) 2.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.4 xxx
Dividend Yield 4.0% xxx
Div Pay Ratio(%) 49.5% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 2.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.58

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/03 - ex-div 1.6c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx4.0
DPS All xxxxxxxxxxxxxxx3.2
Sales/Revenue xxxxxxxxxxxxxxx6,246.2 M
Book Value Per Share xxxxxxxxxxxxxxx54.4
Net Operating Cash Flow xxxxxxxxxxxxxxx760.4 M
Net Profit Margin xxxxxxxxxxxxxxx2.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.21 %
Return on Invested Capital xxxxxxxxxxxxxxx3.20 %
Return on Assets xxxxxxxxxxxxxxx1.66 %
Return on Equity xxxxxxxxxxxxxxx7.21 %
Return on Total Capital xxxxxxxxxxxxxxx4.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-226.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx445 M
Long Term Debt xxxxxxxxxxxxxxx2,124 M
Total Debt xxxxxxxxxxxxxxx2,569 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,167 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx731.7 M
Capex % of Sales xxxxxxxxxxxxxxx11.72 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,304 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx732 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx685 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

21/02/2025

3

Neutral

-

-

UBS analysts have maintained a Neutral rating on Air New Zealand, raising the price target to NZ$0.63 from NZ$0.54. Financial forecasts have been adjusted, with FY25 EPS estimates increasing by 65%, while FY26 estimates have been lowered by -3%.

The broker highlights earnings will likely bottom in FY25, aided by partial compensation for engine issues and a strong balance sheet supporting dividends and a NZ$100m share buyback.

Higher maintenance and airport charges remain headwinds, delaying a return to pre-covid capacity until FY27. The broker expects limited earnings growth in the short term, but sees potential improvement from FY28 onwards.

FORECAST
UBS forecasts a full year FY25 dividend of 1.82 cents and EPS of 4.55 cents.
UBS forecasts a full year FY26 dividend of 2.73 cents and EPS of 3.64 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

03/03/2025

3

Neutral

-

-

Jarden notes Air New Zealand's 1H25 result was soft, with underlying net profit of NZ$48m, well below the company's November guidance of NZ$60-100m.

Revenue was affected by ongoing engine issues and the broker expects it to continue for the next three years, along with fleet refurbishments.

The airline received NZ$94m compensation from engine manufacturers, including for prior periods, and while there may be scope for further compensation, management didn't provide any guidance. No earnings guidance was provided for 2H either.

The broker incorporated guidance for a smaller effective fleet, and the NZ$100m share buyback announcement.

Target price cut to NZ59c from NZ61c, Neutral retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 1.64 cents and EPS of minus -0.09 cents.
Jarden forecasts a full year FY26 dividend of 1.55 cents and EPS of 2.55 cents.
Access Extra Coverage Research History >

AIZ STOCK CHART

FNArena News on AIZ

1
Australian Broker Call *Extra* Edition – Mar 03, 2025

Mar 03 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 22-02-2025

Feb 22 2025 - Australia
3
ESG Focus: Challenges & Hurdles Await In 2025

Jan 22 2025 - ESG Focus
4
Australian Broker Call *Extra* Edition – Dec 05, 2024

Dec 05 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Sep 11, 2024

Sep 11 2024 - Daily Market Reports

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